Morning Briefing: Collective Drills 31.70 metres @ 17.35 g/t AuEq at Apollo
Good morning and welcome back to the Mining Stock Daily morning briefing. I’m Trevor Hall.
It’s Monday, February 9th.
Gold is opening the week steady above the $5000 mark this morning while silver has climbed above $80 an ounce. The US dollar is showing signs of weakness once again in the early session following a reprieve bounce over the last week and a half. The dollar and treasuries are being impacted with news out of China that the government has advised financial institutions the cut back on holding US Treasuries. The regulators are concerned about concentration risks and market volatility. Japan’s Liberal Democratic Party has been granted their largest majority position in parliament following those elections. The Nikkei then responded with a record high close while JGBs and the Yen also edged higher. It is expected that the Bank of Japan will also follow through with more rate hikes.
This episode of Mining Stock Daily is brought to you by…Integra Resources.
Integra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho, and the Nevada North Project located in western Nevada. Learn more about the business and their high industry standards over at integraresources.com
And here’s what you need to know this morning…..
Collective Mining announced assay results for five diamond drill holes targeting definition and expansion of the high-grade, outcropping gold-tungsten-rich zone at the summit of the Apollo system. Step-out drilling from surface in hole APC-159 has expanded the breccia body to the northeast by approximately 30 metres by intercepting gold grades up to 40% above the grades at the outer edge of the internal model. That hole returned 165.75 metres @ 5.35 g/t gold equivalent from 8.85 metres including 31.70 metres @ 17.35 g/t gold equivalent. Four additional holes have infilled the Apollo breccia body near surface by intercepting gold, tungsten, silver and copper grades above the prediction of the internal block model. Highlights there included 60.45 metres @ 4.68 g/t gold equivalent from surface and 131.20 metres @ 2.61 g/t gold equivalent from 6.80 m. Drilling to date has delineated continuous mineralization from surface to depths exceeding 1,410 vertical metres, where the high-grade Ramp Zone remains open for further expansion. (NYSE: CNL) (TSX: CNL) News Release
Talisker Resources reported results from the final 30 drill holes from the late 2025 campaign targeting dip and strike extensions in the major ore veins at its currently producing Mustang Mine. Selected highlights included 30.50 g/t Au over 0.50 m, 32.70 g/t Au over 0.65 m, 33.60 g/t Au over 0.55 and 52.20 g/t Au over 0.55 m. The underground resource conversion drill program focused on infill drilling of the Alhambra, BK and BK-9870 Veins, while the surface drilling was focused on infill drilling Bralorne West’s 101, 55 HW, 278, and 55 veins, all within the Mustang Mine. All 2025 diamond drilling assays have now been received and reported. (TSX:TSK | OTCQB:TSKFF) News Release
Pacifica Silver announced assay results from 11 drill holes completed as part of its Phase I, 8,000-metre drill program at the 100% owned Claudia Silver-Gold Project ("Project") located in the historic El Papantón Mining District in Durango State, Mexico. Results include a new high-grade discovery in hole 25CLAUD59D, targeting the previously undrilled Justina vein. That hole intersected 2.10 m of 3.53 g/t Au and 460 g/t Ag. Other results reported this morning included 6.00 m of 1.51 g/t Au and 68 g/t Ag, at the Aguilareña vein and 4.85 m of 1.09 g/t Au and 25 g/t Ag, at the Aguilareña vein. The Company expects to announce assay results from the remaining nine holes from 2025 drilling in the northern portion of the Project in the weeks ahead. (CSE: PSIL) (OTCQB: PAGFF) News Release
Azimut Exploration shared the complete results from its maiden diamond drilling campaign on the Rosa Zone at its wholly owned Wabamisk Property in the Eeyou Istchee James Bay region of Québec. The latest work returned 3.26 g/t Au over 9.35 m within 28.90 m grading 1.29 g/t Au and confirmed that the initial drilling has shown a significant gold-bearing system, according to the company. The Company has launched a minimum 2,000-metre follow-up program to expand its footprint and further define its geometry and the controls on high-grade gold mineralization. (TSXV: AZM) (OTCQX: AZMTF) News Release
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That’s it for today everyone. Have a great day. Stay safe.
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